Managerial Ethics.pptx

HR

1. What are managerial ethics? Managerial ethics are moral principles employees in a leadership position follow to guide their actions and behaviours . These ethics may be personal or related to the company's beliefs and values. They help managers decide what's wrong and right in the workplace so they can create a welcoming, inclusive environment.

2. Types of Management Ethics: Three types of management ethics or standards of conduct are identified by Archie B. Carroll : 1. Immoral management 2 . Moral management: 3 . Amoral management

3. Approaches to Management Ethics There are three approaches to management ethics: 1 . Utilitarian approach: In this approach, managers analyse the effects of decisions on people affected by these decisions. 2 . Moral rights approach: In this approach, managers follow ethical code which takes care of fundamental and moral rights of human beings 3 . Social justice approach: According to this approach, managers’ actions are fair, impartial and equitable to all individuals and groups.

4. How to be an ethical manager 1. Define your values 2. Hire employees with similar values 3. Be inclusive 4. Promote open communication 5. Lead by example

5. Why are managerial ethics important? Creates a positive work environment Helps managers maintain strong professional relationships Improve collaboration among teams

6. Examples of managerial ethics Professionalism Respect Privacy Compliance Honesty Communication

7. Examples of unethical behaviour as a manager Misusing company time Lying Taking sides in a disagreement Stealing or damaging company property